ISBN: 9781513506463

International capital flows can create significant financial instability in emerging economies
because of pecuniary externalities associated with exchange rate movements. Does this make
it optimal to impose capital...

Structural budget-balance rules with countercyclical elements appear well suited to stabilize the macroeconomic volatility of oil-exporting countries and have been used successfully by other commodity exporters. Us...

The paper examines the effects of exchange rate fluctuations on real output and the price level in a sample of 33 developing countries. The theoretical model decomposes movements in the exchange rate into anticipat...

Publication Date:
01
December
2002

ISBN: 9781451874853

We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
30
January
2013

ISBN: 9781475588835

Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external en...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
17
March
2016

ISBN: 9781475520415

We study the use of foreign exchange (FX) intervention as an additional policy instrument in an
environment with learning, where agents infer the central bank policy rules from its policy actions.
Under full inform...

Publication Date:
16
April
2014

ISBN: 9781484353349

We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...

This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited su...

DOI: http://dx.doi.org/10.5089/9781451874853.001

ISBN: 9781451874853

We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other...

ISBN: 9781513506463

International capital flows can create significant financial instability in emerging economies
because of pecuniary externalities associated with exchange rate movements. Does this make
it optimal to impose capital...